Edward Elgar Publishing Expropriation by Law: Intellectual Property, Value and Labor (New Horizons in Institutional and Evolutionary Economics series)

Placing himself at the crossroads of economics, law, and sociology, Christian Bessy investigates the contemporary transformation of intellectual property rights (IPR) with the emergence of new conventions for their valuation. He demonstrates how entities previously considered inappropriate have now become the object of property rights by means of a creeping legal codification. The book examines how the extension of IPRs has given rise to new forms of expropriation of the wealth produced, allowing companies to protect their investments in intangible assets. Presenting an original basis of legal disputes and decisions concerning the attribution of IPRs, chapters illustrate that patents are at the heart of the economic development of multinationals, start-ups, and the rise of new technologies. Bessy traces the contours of the appropriation of intellectual creation and the new class of lawyers who participate in it, drawing a portrait of contemporary capitalism in which the grip of law threatens the pioneers of innovation. Challenging the mainstream thinking dominating the theoretical literature on IPRs, Expropriation by Law will be an essential text for postgraduate students and researchers of the economics of innovation and IP law. Its original empirical analysis will also prove insightful to industrial economists, policymakers, IP lawyers and innovation managers in cultural and creative industries.